Alliance HealthCare Services Announces Executive Departure

May 02, 2014 06:02 PM Eastern Daylight Time

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Alliance HealthCare Services, Inc. (NASDAQ:AIQ), a leading national
provider of radiology and radiation therapy services, today announced
that Mike Shea has stepped down from his position as Chief Operating
Officer (“COO”), effective April 30, 2014, and informed the Company of
his decision to retire. After his departure, the Company’s senior
leadership team will carry out Mr. Shea’s former duties and
responsibilities, and the Company has no immediate plans to replace the
COO role.

Chief Executive Officer Percy C. “Tom” Tomlinson said, “On behalf of the
entire Alliance team, I want to thank Mike for all of his valuable
operating leadership during the last two years which represented the
turnaround phase of our journey. The whole team at Alliance wishes Mike
all the best in the future. As we move forward with the current
Transition phase of our strategic plan, and then on toward the Traction
phase, we will look to add a Chief Development Officer to the executive
team. This growth-oriented role will be critical as we continue to
transform the company and return to profitable growth through alignment
with hospitals and health systems.”

About Alliance HealthCare Services

Alliance HealthCare Services is a leading national provider of
outsourced radiology and radiation therapy services based upon annual
revenue and number of systems deployed. Alliance focuses on MRI, PET/CT
and CT through its Imaging division and radiation therapy through its
Oncology division. With approximately 1,800 team members committed to
providing exceptional patient care and exceeding customer expectations,
Alliance provides quality clinical services for over 1,000 hospitals and
other healthcare partners in 46 states. Alliance operates 491 diagnostic
imaging and radiation therapy systems. The Company is the nation’s
largest provider of advanced diagnostic mobile imaging services and one
of the leading operators of fixed-site imaging centers, with 125
locations across the country. Alliance also operates 28 radiation
therapy centers, including 17 dedicated stereotactic radiosurgery
facilities, many of which are operated in conjunction with local
community hospital partners, providing treatment and care for cancer
patients. With 17 stereotactic radiosurgery facilities in operation,
Alliance is among the leading providers of stereotactic radiosurgery
nationwide.